Question: purchased inventory for $ 2 7 , 0 0 0 and sold the full amount to Scout Company for $ 3 7 , 0 0

purchased inventory for $27,000 and sold the full amount to Scout Company for $37,000. On December 31,20X5, Scout's ending inventory included $7,400 of items purchased from Player. Also in 205, Scout purchased inventory for $58,000 and sold the units to Player for $88,000. Player included $22,000 of its purchase from Scout in ending inventory on December 31,205.
Summary income statement data for the two companies revealed the following:
\table[[Sales,Player Company,Scout Company],[Income from Scout,$382,400,$200,000
 purchased inventory for $27,000 and sold the full amount to Scout

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